SOURCE: EPOD International Inc.

May 05, 2006 10:26 ET

EPOD Announces Solar Installation in Germany

RENO, NV -- (MARKET WIRE) -- May 5, 2006 -- EPOD International Inc. (the "Company," "EPOD") (OTC BB: EPOI) (Frankfurt: EDU), a developer of advanced energy management technologies, announces the Company has secured a 40-kilowatt solar power installation in Germany.

The Company has secured the rights to install and operate a turn-key, 40-kilowatt solar power system near Fulda, Germany, where 100% of the solar power generated by the system will be sold to the local utility under a 20-year Power Purchase Agreement ("PPA"). The solar power system, valued at EUR 185,000 (USD$230,000) is to be vended into the EPOD Renewable Energy Income Fund ("REIF") upon completion, where EPOD will share in the long-term, power sales revenue generated under the PPA.

Announced April 27th, the EPOD Renewable Energy Income Fund will be utilized to invest in utility-integrated, renewable power generating assets with a focus on commercial solar power installations. The Company intends to sell commercial solar power installations to the REIF, as well as operate the installations for the Fund under an operating and maintenance contract. Additionally, EPOD will retain a carried interest in the projects earning a share of the long-term, power sales revenue.

The power purchase agreement with the utility is part of a German federal government energy program whereby residential, commercial, and industrial power users are encouraged to utilize renewable energy to reduce, and ultimately eliminate, Germany's dependence on fossil fuel-based and non-renewable power.

L. Mark Roseborough
President
EPOD International Inc.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements about EPOD's future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. EPOD intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2005 filed on or about April 17, 2006, and incorporated herein by reference.

About EPOD:

EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The Company's patent-pending 'Energy Pod' technology manages and manipulates electrical energy such that utilization of DC-electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications, and are available through licensed OEM's and directly to end-users.

The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.

Contact Information

  • For more information please contact:
    Brett Walker
    Telephone: (604) 669-0600
    Fax: (604) 662-0672